Value of 1963 British Pounds today

£100 in 1963

£1,656.49 in 2018

The inflation rate in United Kingdom between 1963 and today has been 1,556.49%, which translates into a total increase of £1,556.49. This means that 100 pounds in 1963 are equivalent to 1,656.49 pounds in 2018. In other words, the purchasing power of £100 in 1963 equals £1,656.49 today. The average annual inflation rate has been 5.14%.

Inflation timeline in United Kingdom (1963-2018)

The following chart ilustrates the equivalence of £100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (GBP) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1963-2018) 1,530.09%
Total Inflation* 1,556.49%
Annual inflation avg. (1963-2018) 5.21%
Annual inflation avg.* 5.14%
CPI 1963 6.44
CPI 2018 105
CPI today* 106.7
£1 in 1963 £16.3 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are £100 worth today. There are 55 years between 1963 and 2018 and the average inflation rate has been 5.1408%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = £100 * (1 + 0.05)55 = £1,630.09

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1963 was 6.44 and the CPI today is 106.7. Therefore,

Final value = Initial value *
CPI final/CPI initial
= £100 *
105/6.44
= £1,630.09

United Kingdom inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1963 £16.56 pounds today
£5 pounds in 1963 £82.82 pounds today
£10 pounds in 1963 £165.65 pounds today
£50 pounds in 1963 £828.25 pounds today
£100 pounds in 1963 £1,656.49 pounds today
£500 pounds in 1963 £8,282.47 pounds today
£1,000 pounds in 1963 £16,564.94 pounds today
£5,000 pounds in 1963 £82,824.72 pounds today
£10,000 pounds in 1963 £165,649.44 pounds today
£50,000 pounds in 1963 £828,247.19 pounds today
£100,000 pounds in 1963 £1,656,494.39 pounds today
£500,000 pounds in 1963 £8,282,471.94 pounds today
£1,000,000 pounds in 1963 £16,564,943.87 pounds today

Value of Pound in time (by year)

Period Value
1963 100
1964 101.86
1965 106.74
1966 111.53
1967 115.64
1968 118.48
1969 125.51
1970 131.38
1971 141.74
1972 154.55
1973 166.37
1974 183.97
1975 219.17
1976 273.73
1977 314.98
1978 353.23
1979 382.85
1980 448.85
1981 516.72
1982 578.96
1983 610.27
1984 642.71
1985 672.14
1986 710.09
1987 736.71
1988 764.08
1989 798.81
1990 843.02
1991 906.16
1992 972.47
1993 997.73
1994 1,021.41
1995 1,041.93
1996 1,073.5
1997 1,097.18
1998 1,116.13
1999 1,133.49
2000 1,146.12
2001 1,155.59
2002 1,168.22
2003 1,187.17
2004 1,202.95
2005 1,221.9
2006 1,246.63
2007 1,282.34
2008 1,311.84
2009 1,352.2
2010 1,380.15
2011 1,423.61
2012 1,474.85
2013 1,510.55
2014 1,540.05
2015 1,550.92
2016 1,558.68
2017 1,586.62
2018 1,630.09
Today 1,656.49